High Options Trading Volume Observed in TDOC, TVTX, and CVS

Increased options trading activity reflects investor interest. High volumes in Teladoc Health, Travere Therapeutics, and CVS Health could drive stock prices as traders speculate on future movements.

Date: 22-01-2025

AI Rating: 7

Options Trading Overview
The report highlights a significant increase in options trading volume for three S&P 500 companies: Teladoc Health Inc (TDOC), Travere Therapeutics Inc (TVTX), and CVS Health Corporation (CVS). The heightened activity typically suggests a strong market sentiment or anticipation of future stock performance.

Teladoc Health Inc (TDOC)
For TDOC, a total of 27,377 contracts were traded, amounting to approximately 2.7 million underlying shares, which is about 67.1% of its average daily trading volume of 4.1 million shares. The notable call option at the $10.50 strike for expiration on January 24, 2025, with 3,812 contracts traded (around 381,200 underlying shares), indicates bullish sentiment among traders. This suggests that investors might expect positive developments for the company in the near to mid-term.

Travere Therapeutics Inc (TVTX)
TVTX also observed considerable trading volume, with 7,542 contracts representing approximately 754,200 underlying shares or 60.6% of its average daily volume of 1.2 million shares. The $20 strike call option expiring March 21, 2025, saw high activity, with 2,054 contracts traded, indicating positive speculation surrounding the stock’s performance.

CVS Health Corporation (CVS)
CVS reported the highest activity among the three, with 85,306 contracts traded which equals about 8.5 million underlying shares and 59.4% of its average daily volume of 14.4 million shares. The $54 strike call option expiring January 24, 2025, recorded 17,218 contracts traded, displaying strong investor interest and the potential for price increases.

Overall, the significant volume of call options indicates that traders are optimistic about potential price increases in these companies, which may reflect broader expectations for future financial performance.

Stocks: TDOC TVTX CVS